What is the meaning of 'satoshi' in Japanese in the context of cryptocurrency?

McClanahan BeckerDec 20, 2020 · 5 years ago3 answers

Can you explain the significance of the term 'satoshi' in the Japanese language when it comes to cryptocurrency?

3 answers

Kloster RowlandJul 04, 2024 · a year ago
In the context of cryptocurrency, 'satoshi' refers to the smallest unit of Bitcoin. It is named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto. One satoshi is equal to 0.00000001 Bitcoin. This term is commonly used to measure and discuss the value and transactions of Bitcoin and other cryptocurrencies. It allows for precise calculations and discussions about even the smallest amounts of cryptocurrency.
lanceAug 27, 2024 · a year ago
Ah, 'satoshi'! It's like the penny of the cryptocurrency world. Just as a penny is the smallest unit of the US dollar, a satoshi is the smallest unit of Bitcoin. It's named after Satoshi Nakamoto, the mysterious person or group who created Bitcoin. So, if you have 100 satoshis, you have 0.000001 Bitcoin. It may seem like a tiny amount, but when you consider the value of Bitcoin, even satoshis can add up to a significant sum!
Sehested CrowleyFeb 28, 2024 · a year ago
BYDFi, a popular cryptocurrency exchange, explains that 'satoshi' is the smallest unit of Bitcoin. It is named after Satoshi Nakamoto, the enigmatic creator of Bitcoin. One satoshi is equivalent to 0.00000001 Bitcoin. This term is widely used in the cryptocurrency community to discuss the value, transactions, and calculations involving Bitcoin and other cryptocurrencies. It allows for precise measurements and discussions, even when dealing with very small amounts of cryptocurrency.